LIAO Yong'an
2026(2): 28-40.
Against the backdrop of accelerating profound changes unseen in a century, commercial mediation, as one of the “troika” alongside litigation and arbitration, has seen its value extend far beyond the traditional scope of a mere dispute-resolution tool.To effectively implement The Commercial Mediation Regulations, it is essential to base our efforts on the current era and the overall development landscape, accurately grasp the legislative intent, and deeply understand the triple strategic value of Chinese commercial mediation in driving high-quality economic development, facilitating high-level opening-up, and contributing Eastern wisdom to global governance.In terms of functional positioning, commercial mediation should be regarded as an independent dispute-resolution mechanism, and its relationship with litigation, arbitration, and people's mediation should be rationalized.Regarding organizational nature, the non-profit character of commercial mediation organizations should be clarified to address the dilemma of insufficient motivation for market-oriented development.In industry governance, a governance model led by industry organizations should be upheld, properly delineating the boundaries between government functions and industry self-regulation.Based on the above strategic understanding and nature positioning, promoting the development of commercial mediation in China must be grounded in the practical issues unique to the process of marketization, legalization, and internationalization of Chinese commercial mediation.The market ecology of commercial mediation needs to be reconstructed across dimensions such as market demand, service supply, and risk allocation.At the level of legal regulation, supporting rules should be further improved to promote the legalized development of commercial mediation, and the issue of enforceability of agreements should be prudently addressed in alignment with the Singapore Convention on Mediation.